You Can’t Run A Business Alone

Two key focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. The great Robert Kiyosaki has often stated businesses are team sports as no one can possibly know and or do everything by themselves. No matter what kind of business you’re running, if it’s going to be successful, it must be a team effort. The following contributed post is entitled, You Can’t Run A Business Alone.

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Pixabay. CCO Licensed.

It takes a range of skills to run a successful business. While some business owners attempt to be a Jack-of-all-trades by learning all these skills themselves, this often results in talents being spread thin and each task not being done effectively.

Learning to outsource the help of others could help your business to run more effectively. You can then focus on honing your core skills, while trusted professionals can handle the tasks that you’re not so competent in. Below are just some of the aspects of running a business that are worth outsourcing.

Legal support

Business law can be complex. Rather than spending hours per week educating yourself on all the ins and outs, it can often be beneficial to hire the help of a legal advisor.

This can be particularly useful when dealing with legal disputes. There are firms as found at https://www.fleeson.com/practice-areas/corporate-and-commercial-litigation that specialise in corporate litigation. Such aid could help you to avoid a lawsuit or help you file a claim against someone else.

Legal advisors can also be useful to hire when helping you to understand certain licenses and requirements that you may need to. They may also be able to help you write contracts, as well as protecting intellectual property.

Financial support

It can also be worth hiring experts to help you make important financial decisions. This could include taking out loans or making investments – with the help of a professional you can find the best interest rates or find the best ROI. Financial advisors may even be able to help you cut costs when you are financially struggling and could even help you to manage business debts.

A lot of companies also hire accountants to help with general bookkeeping. This could be important for ensuring that your tax returns are completed accurately and on time. Accountants may also be able to help manage your payroll if you have lots of employees working for you. This guide https://www.entrepreneur.com/article/217784 offers information on what to look for when choosing an accountant.

Marketing

Marketing is essential for attracting new customers. While you can do a lot of your own marketing (tasks like social media marketing and blogging can be easily DIYed), there are certain marketing tasks such as web design and SEO where you may want to hire a professional due to the added complexity of these tasks. Some business owners build their own website and try to take on their own SEO, however creating a professional site and improving your own rankings is no easy task.

You may also want to hire marketing companies to help you when organising events. Trade fairs and conferences may require lots of preparation work including building banners and arranging catering, all of which can be outsourced to save you time and energy.

IT support

Modern businesses are reliant on digital technology. By outsourcing IT support, you can help to implement the best digital technology out there so that your business is as efficient as possible. This could include connecting to the cloud, setting up VoIP an even choosing the best business software.

Some IT consultancy agencies may even be able to offer 24/7 tech support if you’re having trouble with bugs or viruses. Such companies may be able to offer remote help, saving you from having to visit a technician. It saves you having to try and solve these problems when you may have limited IT knowledge.

Human resources

A lot of businesses require extra manpower in the form of employees. It could be worth outsourcing help to assist you with the recruitment process, as well as helping to possibly manage the payroll and any benefits schemes that you may want to offer.

HR consultancy firms may be able to help you with all aspects of human resources. Meanwhile, recruitment agencies may be able to specialise solely on the process of sourcing employees. Do your research online into HR companies so that you hire the best company for the job.

Author: anwaryusef

Anwar Y. Dunbar is a Regulatory Scientist. Being a naturally curious person, he is also a student of all things. He earned his Ph.D. in Pharmacology from the University of Michigan and his Bachelor’s Degree in General Biology from Johnson C. Smith University (JCSU). Prior to starting the Big Words Blog Site, Anwar published and contributed to numerous research articles in competitive scientific journals reporting on his research from graduate school and postdoctoral years. After falling in love with writing, he contributed to the now defunct Examiner.com, and the Edvocate where he regularly wrote about: Education-related stories/topics, Science, Technology, Engineering and Mathematics (STEM), Financial Literacy; as well as conducted interviews with notable individuals such as actor and author Hill Harper. Having many influences, one of his most notable heroes is author, intellectual and speaker, Malcolm Gladwell, author of books including Outliers and David and Goliath. Anwar has his hands in many, many activities. In addition to writing, Anwar actively mentors youth, works to spread awareness of STEM careers, serves on the Board of Directors of the Friends of the David M. Brown Arlington Planetarium, serves as Treasurer for the JCSU Washington, DC Alumni Chapter, and is active in the Dave Ramsey Financial Peace Ministry at the Alfred Street Baptist Church. He also tutors in the subjects of biology, chemistry and physics. Along with his multi-talented older brother Amahl Dunbar (designer of the Big Words logos, inventor and a plethora of other things), Anwar is a “Fanboy” and really enjoys Science-Fiction and Superhero movies including but not restricted to Captain America Civil War, Batman vs. Superman: Dawn of Justice, and Prometheus. He is a proud native of Buffalo, NY.